Is Transcanada Corporation (NYSE:TRP) a Buy? The Stock Reported more Sellers

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The stock of Transcanada Corporation (NYSE:TRP) registered an increase of 9.83% in short interest. TRP’s total short interest was 11.05M shares in April as published by FINRA. Its up 9.83% from 10.06 million shares, reported previously. With 1.31M shares average volume, it will take short sellers 9 days to cover their TRP’s short positions.

The stock increased 0.67% or $0.31 during the last trading session, reaching $46.82. About 1.20 million shares traded. TransCanada Corporation (NYSE:TRP) has risen 2.75% since April 17, 2018 and is uptrending. It has underperformed by 1.62% the S&P500.

TransCanada Corporation operates as an energy infrastructure firm in North America. The company has market cap of $43.18 billion. It operates through Canadian Natural Gas Pipelines, U.S. It has a 16.84 P/E ratio. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy divisions.

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More notable recent TransCanada Corporation (NYSE:TRP) news were published by: Fool.com which released: “Better Buy: Kinder Morgan Canada vs. TransCanada Corporation – The Motley Fool” on April 13, 2019, also Globenewswire.com with their article: “TransCanada provides dividend rate notice for Series 7 and 8 preferred shares – GlobeNewswire” published on April 01, 2019, Globenewswire.com published: “President Trump affirms support for Keystone XL project – GlobeNewswire” on March 29, 2019. More interesting news about TransCanada Corporation (NYSE:TRP) were released by: Fool.ca and their article: “3 Buy-and-Hold-Forever Stocks for a Perfect Portfolio – The Motley Fool Canada” published on April 13, 2019 as well as Seekingalpha.com‘s news article titled: “What I Did With The $42,000 That Came Into My Retirement Account – Seeking Alpha” with publication date: April 07, 2019.

TransCanada Corporation (NYSE:TRP) Ratings Chart